SAI Global is a multinational business services company based in

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

, Illinois,

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

. It offers risk management services, quality assurance audit and certification, auditor training, standards information services, and property services.

History

In 2003 SAI Global was formed when

Standards Australia Standards Australia is a standards organisation established in 1922 and is recognised through a Memorandum of Understanding (MoU) with the Australian government as the primary non-government standards development body in Australia. It is a co ...

sold off its commercial business. On December 17 that same year, SAI Global was floated on the

Australian Stock Exchange Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, ...

with the initial shareholding of 40% retained by parent organization Standards Australia that was then progressively sold down to zero. In 2016,

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

firm

Baring Private Equity Asia BPEA EQT (formerly known as Baring Private Equity Asia and BPEA) is an Asian private equity firm. Previously it was an affiliate of Barings Bank before becoming an independent firm. In 2022 it was acquired by EQT Partners to act as its Asian inve ...

acquired SAI Global Group. In May 2021, SAI sold its Global Standards and Assurance practice to

Intertek Group Intertek Group plc is a British multinational assurance, inspection, product testing and certification company headquartered in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History I ...

for A$855 million.

References

{{Authority control Financial services companies of the United States Companies established in 2003